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New-build or recently renovated properties equity release for 2021

new-build

  • Release cash from your home
  • New build properties accepted
  • Heavily refurbished homes or houses converted to flats
  • Variable rates as low as 1.79% APR
  • Fixed rates at 2.3%
  • No monthly repayments unless you want to pay the interest
  • Use the money you release for anything you like
  • Stay living in your own home

How much can I release?

You can borrow 70% of your property’s value. As an example, if your house is worth £300000 you can release £210000.

  • Your Requirements

  • Please enter a number from 4000 to 200000000.
  • Please enter a number from 50000 to 10000000.

Homeowner in their 60s

Homeowner in their 60s

Cash tied up in home

Over 55 Home owner

  • Your Requirements

  • Please enter a number from 4000 to 20000000.
  • About You

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UK Equity Release Scheme Lenders

  • Aviva
  • Pure Retirement
  • Key Solutions

Its common to encounter people seeking out home reversion plans, monthly payment lifetime mortgage or monthly payment equity release, however, Sunlife Plans like Old Mutual Wealth are keen to see evidence of your personal situation in the form of investment statements.

Canada LIfe - Interest Select Gold Flexi

Canada Life Home Finance lifetime mortgage

Tough to mortgage home variants include properties with a sinking fund of 7% or more of the property sale price when the property is sold, leasehold properties with a short lease, typically less than 70 years, or a defective lease, property is uninhabitable, corrugated iron construction and Airey, Boot, Cornish Unit, Dorran, Dyke, Gregory, Hamish Cross, Myton, Newland, Orlit and Parkinson Frame.

Hodge Lifetime lifetime mortgage

Challenging to finance property titles can include grade ll Listed houses (grade C in Scotland and B2 in Northern Ireland), properties with a large number/scale of outbuildings, properties with a small number of solar panels or a wind turbine on the land for domestic use, properties where there is a self-contained part of the property or annexe, i.e. basement flat etc and properties adversely affected by existing or proposed issues including roads, rail, airports, power plants, power lines/pylons, wind turbines, sub stations, sewage works, quarries, fuel stations, refuse sites, sports grounds, noise, light or environmental pollution.

Premier Flexible Black

Small business owners detail likely with equity to release from their homes

    • Growing of other perennial crops Northwich
    • Sale of new cars and light motor vehicles Hayes
    • Manufacture of other inorganic basic chemicals South Kirkby and Moorthorpe
    • Retail sale of carpets, rugs, wall and floor coverings in specialised stores Burntwood
    • Extraction of natural gas Nelson
    • Other residential care activities n e c Modbury
    • Manufacture of men’s underwear Bletchley and Fenny Stratford
    • Raising of sheep and goats Hednesford

Difficult to mortgage property types include difficult roof structures, properties with single skin brickwork where the single skin comprises more than 20% of the surface area of the external walls, privately developed flats, maximum four storeys with a lift, former local authority flats and privately developed flats in blocks of three or four storeys without a lift.

  • Other passenger land transport Havant
  • Wholesale of agricultural machinery, equipment and supplies Cirencester
  • Other cleaning services Boston
  • Other specialist photography Bromsgrove
  • Construction of utility projects for fluids Hawkinge
  • Cutting, shaping and finishing of stone Weston-super-Mare
  • Retail sale in non-specialised stores with food, beverages or tobacco predominating Market Weighton
  • Defence activities Ongar
  • Water collection, treatment and supply Filey
  • Real estate agencies Knutsford

 

Hard to finance property variants include properties where proposed building works have not yet commenced, properties where letting arrangement where the tenancy agreement is not appropriate, leasehold properties (England, Wales, Northern Ireland) subject to a lease length of 160 years, properties with unregistered titles subject to these being registered as part of the legal process and properties owned under any form of shared equity scheme.

Towns of the UK where Lifetime Mortgages are common

  • Cockermouth
  • Sevenoaks
  • Bingham
  • Keynsham
  • Berkhamsted
  • Grassington
  • Brentwood
  • Skelton-in-Cleveland
  • Leek
  • Todmorden
  • Launceston
  • Birchwood
  • Cleator Moor
  • Lynton & Lynmouth
  • Marlow
  • Market Weighton
  • Cirencester
  • Alston
  • Bishops Waltham

The 1st and 2nd charge lender will want to know if the property is a Detached freehold house or a Leasehold flat with share of freehold and if the resident is an AST Tenant.

Monmouthshire Building Society Lifetime Mortgage

Do Hanley Economic Building Society have positive reviews for equity release?

Yes, Hanley Economic Building Society reviews are commendable for equity release.

What are the current Hanley Economic Building Society interest rates for equity release?

Hanley Economic Building Society interest rates for equity release are 1.92% APRC.

Monmouthshire Building Society Mortgage Rates 2021

Some of the most common loan to value percentage ratios of Virgin Money retirement mortgages over 65, Shepherds Friendly interest only retirement mortgages for over 70s, Churchill lifetime mortgages for people over 55, Coventry Building Society mortgages for over 65, Nottingham Building Society pensioner mortgages over 55 and Progressive Building Society mortgages for people 60 plus are 50%, 60% and 65%.

Equity Release percentages of your current property value

  • 55% home reversion schemes LV Liverpool Victoria
  • 60% loan to value monthly payment lifetime mortgage Lifetime Mortgage from L&G
  • 55% loan to value monthly payment life time mortgage Lifetime Mortgage from L&G
  • 25% LTV monthly payment equity release Equifinance
  • 60% loan to value home reversion plans Equifinance
  • 30% loan to value (LTV) monthly payment lifetime mortgage Santander

 

Does Hanley Economic Building Society offer Equity Release?

Yes, Hanley Economic Building Society Equity Release is 2% MER.

Common loan to value percentage ratios of LV= mortgages over 65, More to Life over 60 lifetime mortgages no fees, OneFamily pensioner mortgages over 60, Yorkshire Bank later life interest only mortgages over 60, Royal London over 60 lifetime mortgages no fees and Sun Life later life mortgages for over 70s are 50%, 55% and 70%.

Equity Release LTV

The older you are and the more serious your illnesses you are the more money you can release.

  • Bridgewater Equity Release Schemes
  • Stonehaven Interest Only Lifetime Mortgage
  • Nationwide Equity Release Plans
  • Bridgewater Equity Release Plans
  • Liverpool Victoria LV Equity Release Plans
  • Nationwide Equity Release
  • HSBC Equity Release Schemes
  • TSB Lifetime Interest Only Mortgage
  • Royal Bank of Scotland Equity Release Plans
  • More2Life Flexi Choice Voluntary Payment Super Lite
  • Bridgewater Lifetime Mortgage
  • Hodge Lifetime Mortgage Plus
  • Pure Retirement Classic Voluntary Payment Super Lite
  • TSB Equity Release Plans
  • NatWest Equity Release Plans
  • Age Partnership Equity Release
  • Just Retirement Interest Only Lifetime Mortgage
  • Pure Retirement Equity Release Plans
  • Stonehaven Equity Release Plan
  • Lloyds Bank Equity Release
  • NatWest Interest Only Lifetime Mortgage
  • Saga Lifetime Mortgage
  • Age Partnership Interest Only Lifetime Mortgage

 

Do Hanley Economic Building Society do Pensioner Mortgages?

Yes, Hanley Economic Building Society Pensioner Mortgages are 2.09% APRC.

Drawbacks of Lifetime Mortgages

Interest-only lifetime mortgages can reduce your estate value. A monthly payment lifetime mortgage may impact the ability to claim entitlements. You may need to pay a broker’s fee and you could be exposed to changes in interest rates with some products.

Does Hanley Economic Building Society do Retirement Mortgages?

Yes, Hanley Economic Building Society Retirement Mortgages are 2.1% MER.

Some of the most popular LTV percentages of Lloyds lifetime mortgages for over 55s, HSBC over 60 lifetime mortgages, Halifax equity release plans for people over 60, L&G interest only lifetime mortgages for over 60s, Royal Bank of Scotland interest only lifetime mortgages for people over 60 and Nationwide BS lifetime mortgages for over 60s are 35%, 60% and 70%.

Does Hanley Economic Building Society offer Equity Release Under 55?

Yes, Hanley Economic Building Society Equity Release Under 55 is 1.99% APR.

 

Appealing pensioner mortgage products are TSB mortgages for over 50 year olds, HSBC later life interest-only mortgages over 60, Post Office over 60 mortgages, L&G retirement interest-only mortgages and Nationwide lifetime mortgages.

Does Hanley Economic Building Society offer Lifetime Mortgages?

Yes, Hanley Economic Building Society does lifetime mortgages at 1.83% MER. Hanley Economic Building Society Lifetime Mortgages have a loan to value (ltv) of 75%.